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Mr Good delivered an upbeat forecast for 2013 as shareholders approved a dividend of 30p for the year to August.

He announced that the company would be rebranded this month – the first such change for 20 years – with a new corporate logo, although the name will remain.

Mr Good said: “The board take an optimistic view that life will carry on and, despite being in the midst of an economic recession, we have planned for the company to weather the storm and be in the best possible position to take advantage of any upturn.

“To this end we have been planning a rebrand.

“Over the years the different departments of the company have adopted different themes, logos and colour schemes, these will now be united under one brand across the company.

“The first the public will see of this will be the new fascias in the five estate-agency offices.”

Mr Good paid tribute to “the long and valuable service” provided by Kyle Blue who stepped down as manager of the estate agency in 2012 after 23 years.